Queensland received 17 per cent of all residential real estate approvals last financial year, with an investment value of $1.4 billion — more than the ACT, Western Australia, the Northern Territory and Tasmania combined.

It’s a different story nationally, with the number of residential real estate approvals peaking in 2015/16 at 40,000, with a proposed investment value of $72.4 billion, before plummeting to just 10,000 in fiscal 2018.

China accounts for the majority of residential real estate approvals.

Carrie Law, chief executive of Chinese real estate website Juwai.com, said that while Chinese demand for residential real estate nationally had fallen, a recovery was on the way.

Ms Law said Chinese buying in 2017-18 was most impacted by three factors — the unexpected canceling of promised mortgage loans by Australian banks, higher foreign stamp duty taxes and capital controls making it more difficult to move money from China.

More than 17 per cent of all residential properties found to be in breach of foreign investment rules in 2017/18 were in Queensland.

A recent report from realestate.com.au found demand from Chinese buyers for the Brisbane housing market actually rose 35 per cent in the 12 months to May 2018.